Tag Archives: economy

Puerto Rico’s Agriculture and Farmers Decimated by Maria

Puerto Rico’s Agriculture and Farmers Decimated by Maria By FRANCES ROBLES and LUIS FERRÉ-SADURNÍSEPT. 24, 2017 Photo Plantain trees flattened by Hurricane Maria in Yabucoa, P.R. In a matter of hours, the storm destroyed about 80 percent of the crop … Continue reading

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Here’s how an obscure tax change sank Puerto Rico’s economy

https://www.cnbc.com/2017/09/26/heres-how-an-obscure-tax-change-sank-puerto-ricos-economy.html Here’s how an obscure tax change sank Puerto Rico’s economy Even before a devastating hurricane brought Puerto Rico to a near standstill, the government there was struggling with an economy in shambles and a default on billions of dollars … Continue reading

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Puerto Rico needs an IMF-style economic plan

  https://www.aei.org/publication/puerto-rico-needs-an-imf-style-economic-plan Desmond Lachman October 27, 2017 | Real Clear Markets Puerto Rico needs an IMF-style economic plan Economics, International Economics It would be an understatement to state that the hurricane-battered Puerto Rican economy is at serious risk of entering … Continue reading

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Report: Puerto Rico Exodus to Increase in the Next 2 Years

http://caribbeanbusiness.com/report-puerto-rico-exodus-to-increase-in-the-next-2-years Report: Puerto Rico Exodus to Increase in the Next 2 Years By Rosario Fajardo on October 30, 2017 SAN JUAN – A report by Hunter College’s Center for Puerto Rican Studies projects that outmigration from the island as a … Continue reading

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Some 5,000 Puerto Rico small businesses expected to close after Hurricane Maria; 35% could not reopen

http://caribbeanbusiness.com/some-5000-puerto-rico-small-businesses-expected-to-close-after-hurricane-maria-35-could-not-reopen Some 5,000 Puerto Rico small businesses expected to close after Hurricane Maria; 35% could not reopen By Eva Lloréns Vélez on October 27, 2017 SAN JUAN – Ten percent, or about 5,000 of Puerto Rico’s 50,000 small and midsize … Continue reading

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Without Power Restored, P.R. Retail Sector Could Lose $8.9B in 6 Months

  http://caribbeanbusiness.com/without-power-restored-p-r-retail-sector-could-lose-8-9b-in-6-months Without Power Restored, P.R. Retail Sector Could Lose $8.9B in 6 Months By Eva Lloréns Vélez on October 23, 2017 SAN JUAN – The Puerto Rican Retail Trade Association (ACDET by its Spanish initials), a group founded in … Continue reading

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Puerto Rico tourism craters in wake of Hurricane Maria

http://caribbeanbusiness.com/puerto-rico-tourism-craters-in-wake-of-hurricane-maria Puerto Rico tourism craters in wake of Hurricane Maria By The Associated Press on October 24, 2017 SAN JUAN — The narrow blue cobblestone streets of Old San Juan are deserted. Cigar shops are boarded up. Boutiques in bright … Continue reading

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